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In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.
The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.
Names of the companies and groups involved:
- The acquirer: the company “Elcano France Bidco SAS”;
- The target: the companies “Gymspa SAS”, “FitFin SAS”, and “FitMan SAS”.
Nature of the operation:
- Exclusive takeover.
Economic sectors concerned:
- Fitness club markets.
Deadline for interested third parties to submit their observations:
- 10 days from the date of publication of this statement, i.e., October 19, 2026.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council has received notification of an economic concentration operation concerning the exclusive takeover by the company “Elcano France Bidco SAS” of the companies “Gymspa SAS”, “FitFin SAS”, and “FitMan SAS”, through the acquisition of 100% of the share capital and voting rights of the targets.
“Elcano France Bidco SAS” is a French simplified joint-stock company, with its registered office at 23, rue d’Anjou, 75008 Paris, France, registered with the Paris Trade and Companies Register under number 102 990 454. “Elcano France Bidco SAS” is an acquisition vehicle established for the intended operation controlled by “Providence Equity Partners LLC”, a global asset manager specializing in private equity, headquartered in the United States of America.
“Gymspa SAS” is a French simplified joint-stock company, with its registered office at 1 avenue du Général de Gaulle, Tour PB5, 92800 Puteaux, France, registered with the Nanterre Trade and Companies Register under number 450 091 350. “Gymspa SAS” operates a network of fitness clubs mainly in France and worldwide, operating under the brand “Fitness Park”.
“FitFin SAS” is a French simplified joint-stock company, with its registered office at 6/8 boulevard Haussmann, 75009 Paris, France, registered with the Paris Trade and Companies Register under number 829 204 247. “FitFin SAS” holds a minority stake in “Gymspa SAS”. “FitFin SAS” does not engage in any commercial activities.
“FitMan SAS” is a French simplified joint-stock company, with its registered office at Tour PB5, 1 avenue du Général de Gaulle, 92800 Puteaux, France, registered with the Nanterre Trade and Companies Register under number 841 726 805. “FitMan SAS” holds a minority stake in “Gymspa SAS”. “FitMan SAS” does not engage in any commercial activities.
Done in Rabat, on October 08, 2026
